THE ART CENTER HIGHLAND PARK (EIN 362464960) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Phone

8474321888

Tax Period

2023-09-01 to 2024-08-31

THE ART CENTER HIGHLAND PARK, founded in 1960, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION IS A NON-PROFIT ART ORGANIZATION DEDICATED TO EDUCATION IN THE CONTEMPORARY VISUAL ARTS THROUGH CLASSES, OUTREACH PROGRAMS, GALLERY EXHIBITIONS AND EVENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $525,685

Program Service Revenue $572,464

Investment Income $10,824

Other Revenue $-4,418

TOTAL REVENUE $1,104,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,617

Fundraising Expenses $23,055

Program Expenses $740,637

Other Expenses $836,442

TOTAL EXPENSES $1,283,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,104,555	$900,894	+0.2%
Expenses	$1,283,059	$1,093,324	+0.2%
Net Income	$-178,504	$-192,430	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$113,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WIGODNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA ABELSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAULA WINTER	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURENCE SEGIL	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD BASOFIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE FIELD	DIRECTOR	1.00	Director	$0	$0	$0
SUMARA FIRESIDE	DIRECTOR	1.00	Director	$0	$0	$0
ELISE FROST	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HAHN	DIRECTOR	1.00	Director	$0	$0	$0
JERI NETTER HENOCH	DIRECTOR	1.00	Director	$0	$0	$0
AL KLAIRMONT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
SETH PINES	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH TENNER	DIRECTOR	1.00	Director	$0	$0	$0
LAURI K ZESSAR	DIRECTOR	1.00	Director	$0	$0	$0
YUMI ROSS	PAST PRESIDENT	1.00	Officer	$0	$0	$0
JAMES LYNCH	EXECUTIVE DIRECTOR	40.00	Officer	$113,968	$0	$113,968

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,104,555	$1,283,059	$1,670,577	$-178,504
2023	$900,894	$1,093,324	$1,593,574	$-192,430
2022	$1,066,949	$1,079,029	$1,817,586	$-12,080
2021	$904,775	$782,723	$1,625,920	$122,052
2020	$766,445	$831,181	$1,468,649	$-64,736
2019	$953,279	$938,662	$1,500,617	$14,617

THE ART CENTER HIGHLAND PARK